The stock market is on the brink of a significant correction, according to a prominent Wall Street strategist. What Happened: Tom Lee, a well-known equity strategist at Fundstrat, has warned investors that a stock market correction is imminent. This prediction comes on the heels of a 21% surge in the S&P 500 over a 14-week period, reported Business Insider on Wednesday. “I think we [the S&P 500] might be approaching something close to 5,000, maybe a little higher, and then I think a drawdown follows,” Lee said. He pointed out that in seven instances since 1927, when the S&P 500 rose 13 out of …
